The very first step after installing TallyPrime is to activate its license in order to create a company. this process is important to set up your accounting environment and start managing your financial data effectively.
Before you proceed with company creation, here’s a helpful tip to navigate through different fields on the screen:
- Press the “Enter” key to move down or forward to the next field.
- Press the “Backspace” key to move up or backward to the previous field.
Below are the steps of creating company in TallyPrime
First, you need to open TallyPrime application on your computer or laptop.
Create a New Company
On the Company Management screen, you will see a list of existing companies. To create a new company, press “Alt + C” or click on “Create Company” from the button bar.
Enter Company Details
You will now be prompted to enter the details of the new company. The information you need to provide includes:
To begin with, press “Enter” on “Create Company”
- Type the company name you like. For example, “Max Electronics”
- Type the address and sate.
- It selects country automatically.
- Type the Pin Code
- If you like you can mention the company’s contact details.
- Next, Enter the date from which you want to start maintaining accounts in TallyPrime (it can be the beginning of the financial year or any other date).
If you want to add more details during the company creation process in TallyPrime, you can follow these steps:
- After entering the basic company details, press “F12” on your keyboard to access the configuration menu. This step allows you to customize and enable various options as per your requirements.
- In the configuration menu, you can enable the option called “Use User Access Control.” This feature allows you to set a password for your company data and manage user roles and logins effectively.
- Once you have enabled the desired options and configured the settings according to your needs, press the “Enter” key to accept and save the configurations.
Navigate to the last field on the screen. A message will appear, asking if you want to accept the settings. Press “Y” to accept and proceed, or “N” to continue editing.
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